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Heritage Union Completes Reinsurer Acquisition

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Heritage Union L.L.C. has completed its purchase of Annuity & Life Reassurance America Inc.

Heritage, Richmond, Va., acquired Annuity and Life Re, Windsor, Conn., for undisclosed terms.

Heritage Union is the parent of Heritage Union Life Insurance Company, which sells accidental death insurance and other products.

Annuity & Life Re America was part of Annuity & Life Re Holdings Inc., Hamilton, Bermuda, a reinsurer that stopped selling reinsurance after it ran into underwriting problems.

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